| Step-by-step instructions for selecting, repairing, improving, and selling highly profitable "fixer-uppers." Shows which price ranges offer the highest profit-to-investment ratios, which neighborhoods offer the best return, practical directions for repairs, and tips on dealing with buyers, sellers, and real estate agents.
From the Back Cover:
This book guides you through every step in the spec rehab process: selecting, repairing, improving and selling fixer-uppers. You'll learn which price ranges offer the highest return on your investment, which neighborhoods to consider and which to avoid, what interior and exterior repairs to make, and how to select and deal with buyers, sellers, lenders and real estate agents. There's even a chapter on when—and how—you should keep the renovated house as a rental, to provide steady monthly income.
This book shows you how to make a good living with something every community has plenty of—distressed residential property:
- How to determine your cost and profit before you buy.
- Bargains to avoid and opportunities that can't miss.
- Repairs and improvements you have to make an any job.
- Upgrades that charm buyers and guarantee your profit.
This isn't a book about real estate finance. It's about when and how to repair structural and mechanical problems, add a room, and correct the defects every old home has in abundance: bad floors, bad ceilings, water damage, a leaking roof and unsightly tile. It's an invaluable guide to the spec rehab business. Draw on the practical knowledge in this manual to build your own part-time or full-time career as a builder-entrepreneur.
About the Author
Lawrence Dworin has been buying and renovating houses since 1978. Over that time he's bought and sold nearly 100 homes, usually—but not always—making a good profit on the sale. Before getting into the spec rehab business, he was a construction tradesman, working for wages on a contractor's payroll. He got tired of doing seemingly pointless tasks because his boss wanted them done. He got discouraged when his best ideas and suggestions were rejected. He discovered that as his own boss he didn't have to put up with that. And he discovered that his hourly and annual income multiplied several times when working for himself, on his own homes and following his own instincts. He wrote this book to help you make the same discovery.
Table of Contents
Chapter 1: Remodeling for Profit; Chapter 2: Selecting the Right House; Chapter 3: Using Real Estate Agents; Chapter 4: Buying the Home; Chapter 5: Getting the Financing You Need; Chapter 6: What Work Should You Do? Chapter 7: Repairing Structural and Mechanical Problems; Chapter 8: The Living Room, Dining Room and Bedrooms; Chapter 9: The Kitchen, Bathroom and Basement; Chapter 10: Improvements that Pay Off; Chapter 11: Decorating the Exterior; Chapter 12: Decorating the Interior; Chapter 13: Selling Your House; Chapter 14: Keeping Rental Property; Buyer's Checklist: Index. |
